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Global Rugged Equipment Market 2020-2024 | Insights on COVID-19 Impact, Emerging Opportunities, and Market Forecast | Technavio


The rugged equipment market is expected to grow by USD 5.73 billion, progressing at a CAGR of almost 3% during the forecast period.

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The growth of industrial end-users is one of the major factors propelling market growth. However, factors such as the high initial cost of procurement compared with non-rugged devices might hamper growth.

More details: https://www.technavio.com/report/rugged-equipment-market-industry-analysis

Rugged Equipment Market: Product Landscape

Based on the product, the communication equipment segment led the market in 2019. This is due to the ability of rugged communication equipment to work in harsh environments in the military and industrial sectors. In addition, the increasing expenditure on defense by several countries is providing significant opportunities for vendors in the segment.

Rugged Equipment Market: Geographic Landscape

By geography, North America is expected to have lucrative growth during the forecast period. About 41% of the market's overall growth is expected to originate from North America. The market growth in the region is driven by the increased expenditure on defense in the US.

The US and Canada are the key markets for rugged equipment in North America. Market growth in this region will be faster than the growth of the market in Europe, MEA, and South America.

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Related Reports on Information Technology Include:

Global Rugged Devices Market - Global rugged devices market is segmented by end-user (industrial, military and defense, commercial, and government), product (rugged mobile computers, rugged tablets/notebooks, rugged scanners, and rugged air quality monitors), type (semi-rugged, fully-rugged, and ultra-rugged), and geography (North America, Europe, APAC, South America, and MEA). Click Here to Get an Exclusive Free Sample Report

Global Rugged Handheld Devices Market - Global rugged handheld devices market is segmented by type (semi-rugged, fully-rugged, and ultra-rugged), end-user (industrial, commercial, military, and government), product (rugged mobile computers and rugged tablets), and geographic landscape (North America, APAC, Europe, South America, and MEA). Click Here to Get an Exclusive Free Sample Report

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Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by Product

Market Segmentation by End-user

Customer Landscape

Geographic Landscape

Vendor Landscape

Vendor Analysis

Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


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News published on 27 november 2020 at 23:35 and distributed by: